29/01/2026 04:26 AST

Saudi Arabia's Ministry of Industry and Mineral Resources had issued a total of 201 new mining licences in December last year as part of its efforts to develop the mining sector and enhance its contribution to diversifying the kingdom's national economy, reported SPA, citing its spokesperson.

The newly issued licences included 159 exploration licenses, 20 mining and small-scale mine exploitation licences, 18 building materials quarry licenses, two reconnaissance licenses, and two surplus mineral ore licenses, stated Jarrah Al Jarrah.

The total number of valid mining licenses reached 2,925 by the end of December, he added.


Trade Arabia

Ticker Price Volume
CBO releases its Macroeconomic Stability Report 2025

30/01/2026

The Central Bank of Oman (CBO) released its Macroeconomic Stability Report 2025, a periodic flagship publication providing an analytical assessment of recent macroeconomic developments and their spil

ONA

Saudi-built AI takes on financial crime

30/01/2026

As financial institutions face increasingly complex threats from fraud and money laundering, technology companies are racing to build systems that can keep pace with evolving risks.

One suc

Arab News

Bahrain, UAE central banks keep interest rates unchanged

30/01/2026

The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) have decided to maintain their overnight deposit rate unchanged.

The CBUAE said the Base Rate applicable to the Over

Trade Arabia

UAE banks phase out handwritten signatures in digital shift

30/01/2026

Several banks operating in the UAE have begun phasing out handwritten customer signatures, moving instead to fully electronic signatures through the national digital identity platform, according to b

Gulfnews

Finance minister announces launch of National Privatization Strategy

30/01/2026

Saudi Arabia's Minister of Finance and Chairman of the National Center for Privatization Mohammed bin Abdullah Al-Jadaan highlighted the Council of Economic and Development Affairs' approval to concl

Arab News